IRR-Residential, a residential appraisal firm based in Westwood, Kan., has announced the addition of four new affiliates and the appointment of Thomas M. Munizzo as chief appraiser and compliance officer. The new offices are IRR-Residential Krantz Appraisal Firm, which serves six Lake Ozark, Mo. counties; IRR-Residential Value Experts, with two offices servicing the New Orleans and Baton Rouge, La. markets; and IRR-Residential Rayburn Appraisals & Consulting, which serves the Chicago-area market. Mr. Munizzo started his career with a third-generation, family-owned business, Munizzo Appraisal Co., IRR-Residential said. The firm was acquired in 2000 by Real Estate Appraisal Services (a subsidiary of Charter One Financial Services), and Mr. Munizzo joined REAS as regional vice president and chief appraisal manager. The company can be found online at http://www.irr-residential.com.
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The collaboration comes after HUD issued several other updates earlier this year aimed at increasing affordability through loosened homebuilding policy.
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Southeast impairments run 150 bps above other regions and alt-doc loans are up 200+ bps since 2025, while DSCR and full-doc improve. Time to review overlays.
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Federal Reserve Gov. Lisa Cook said Thursday that private credit does not seem to pose additional risks to the financial system at the moment, but added that more information about the opaque market is needed.
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A Treasury proposal would remove race and ethnicity from the criteria community development financial institutions can use to establish a targeted market population, a move that could affect institutions serving minority communities.
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A top official at the Office of Inspector General says significant budget cuts will force large layoffs and essentially eliminate enforcement activities.
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The fraud prevention firm has taken an approach to consolidation and a more connected experience similar to that of Rocket and the Real REMAX Group.
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